**Main to remember** 🚀
Ethereum's supply drop on exchanges hints at a potential rally, with institutions like Blackrock accumulating large amounts of ETH. Analysts compare the current ETH movement to the 2017 spike, predicting a surge in price. Increased demand for Ethereum, coupled with its use as a stablecoin base by banks, suggests a positive outlook for its market capitalization and price.
**A rehearsal of the 2017 model?** 📈
Analysts foresee ETH surpassing previous highs, with signs pointing to a potential rally. Institutions like Blackrock and Sharplink Gaming are amassing significant amounts of Ethereum, contributing to a supply shortage. This scarcity, along with Ethereum's utility for stablecoin deployment, indicates a bullish trend for the cryptocurrency's value.
https://altcoin.observer/ethereum-is-this-the-start-of-a-2017-style-eth-eth-style-rally-the-data-suggest/
20,450
Lunam Points